The Government of Japan decided to continue denying Russia its “most favored nation” trade status for another year from the end of March, as part of economic sanctions against Moscow for its bloody invasion of Ukraine.
In April 2022, the Japanese Parliament gave the green light to measures that would deprive Russia of benefits such as reduced tariffs for a year as part of punitive sanctions against the country. The last decision is the second extension.
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Finance Minister Shunichi Suzuki said at a news conference on Friday that Japan will confront Russia’s aggression in Ukraine, which began in February 2022, “in cooperation with the international community.”
All imports from Russia will remain subject to higher tariffs until the end of March 2025, including a 5% levy on salmon, up from 3.5%, and 6% on crab, up from 4%.
Source: https://reporteasia.com/relaciones-diplomaticas/2024/03/30/japon-mantendra-ano-mas-sanciones-comerciales-a-rusia/
